Residential Status

Residential Status for Income Tax – Individuals & Residents The Income Tax Department needs to determine the residential status of an individual or company. It becomes particularly important during the tax filing season. This is one of the factors based on which a person’s taxability is decided. Let us examine the residential status and...

Continue reading

Leave Encashment

Concept of Leave Encashment  Every salaried person as per labor law is entitled to at least a minimum number of paid leave every year. However, an individual employee doesn’t need to utilize all the leave he is entitled to a year. In actuality, most employers allow the employees the option of carrying forward such...

Continue reading

PPF Scheme

PPF Scheme is very common among the investors or financial advisors for its flexible nature. Also, the tax benefits one can avail from a Public Provident Fund scheme make the plan fruitful. To motivate small investments among the people, the Ministry of Finance, Govt. of India initiated the PPF (Public Provident Fund) in the...

Continue reading